Stephanie ruhle with a very special guest. Youre not talking about me. Im matt miller in for Erik Schatzker. We have been together all week and i have not mastered reading the intros. Thats true. Lets get to the news, the most important part of your morning. I will kick it off we have not seen unemployment is low in six years for a ninth straight month. Employers added more than 200,000 jobs in the jobless rate to 5. 8 0 of one percent and hiring was broadbased and factories and Construction Companies and retailers added employees. The dollar still fell while treasuries rose because employers actually added fewer jobs than had been forecast. There is speculation that Interest Rate hikes may be put forward. At ford, a highlevel job swap with the top Marketing Executive being sent to run the moneylosing european division. The move is aimed at retaining farley by giving him experience and he was once considered in the running for the top job of ceo. The outgoing european chief stephen o d
Breaking news out of washington. New deficit numbers coming up in the congressional budget office. Analysts say the gap will be higher than they thought a few months ago but it is still going to be the smallest deficit since 2008. Peter cook is in washington with more. Put it into perspective for us. The deficit for this year according to the congressional budget office, 506 billion, up from the 492 billion estimate back in april thanks largely to weaker than expected Economic Growth which has hurt tax receipts. It is projected, the deficit, to drop lower in 2015, below the 500 million mark. The projection for this year compared to lesters deficit of 680 billion. It is dropping. Substantially. The projection for 2015, dropping to 469 billion. That would be the sixth Straight Year of falling deficit. The lowest number since 2008. The cbo warning the number is going to start to rise again starting in 2016 and eventually the 1 trillion thanks to Rising Health care costs, aging population,
Drive retail airlines out of business. Welcome to Market Makers. I am scarlet fu. Some breaking news. New home Sales Numbers are just coming out. Lets head out to mike mckee who is in our newsroom. What do you see . The expected in new home sales, they fell by 3. 2 . That was not different than what people thought. Is interesting that happened that january was about growth. It had been stronger than people thought going in. 455. T falls to the drop is a little less than it wouldve ordinarily been. Everybody is going to write that off to the weather. February, that a still stronger than what we saw last re wasnt a the weather problem. Rates may be more important than the weather. We may see a comeback. Tosumer confidence, we want follow this closely. If the weather had an effect, it might show up here. People get more concerned about confidencesumer rises more than expected. It is a big jump over the month. People think that things are going to get better. The Expectations Index increas
Violate me like this. Scammers have tricked at least four people out of hundreds of dollars. And ktvu channel 2 news starts right now this is ktvu channel 2 morning news. Good morning, we are live in san jose where we are hearing some incredible stories of students escaping the flames nearly a dozen students are forced out at that building after a fire last night and they have been out there and we just got an up close look at the damage and we will chem in with him. It is thursday and enough to wake you. We have mostly clear skies and it is cold and other locations are cool and we are up as much as 10 to 12 degrees. We have rain on the way not until tonight or more likely tomorrow morning and rain returns tomorrow much, much, cooler and temperatures will really drop tomorrow and you can see it, eureka and excuse me never would i forget about it. A little bit of a breeze 16 Miles Per Hour fairfield concord outth southwest, out of the west for novato, so there is a little breeze startin
Interest rates started going higher a few months ago. Today was one of those days that produced some fabulous results. Dow climbing. Nasdaq rocketing 1. 01 higher. So went right, what did the market like so much that it could shake off the negativity . Its a compelling mosaic. One thats directly related to steals and earnings of the individual Companies Reported and much less to do thank heavens with the big mac row day that that comes out of the u. S. Government. Maybe we have been blinded by good news because of the uncertainty surrounding syria and the rise of Interest Rates. But when you get a sense that the government can actually do something, and that the republicans will work with democrats even if its toward a resolution to action in syria, that allows you to focus on the news of the individual companies and measure what it means for their earnings and therefore for their stocks. And when Interest Rates dont do much of anything, people feel emboldened to buy buy buy, not sell